For Sale: Duluth MLS# 7160321
Active
NEW!
$209,900
Multi-family: Triplex
5 br • 3 ba • Built 1891
2,250 sqft • 0.16 acres
Duluth schools
MLS# 7160321
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Property Description
Investment opportunity in a convenient Duluth location! This 2, 250 sq. ft. triplex offers three separate units and plenty of upside. Unit A features 2 bedrooms and 1 bath, Unit B offers 2 bedrooms and 1 bath, and Unit C offers 1 bedroom and 1 bath. Extra Info
The property is conveniently located near downtown Duluth, area hospitals, bus lines, and other amenities. It also has a strong rental history, with the units historically showing solid occupancy. Extra Info
Recent improvements include a roof replacement in 2019, a water heater in 2024, and a newer shower surround in Unit A. The property is in need of significant updating and repair, including siding, furnace, ceiling tiles, bathrooms, flooring, and additional cosmetic improvements throughout. Extra Info
With its existing three-unit layout, established rental history, and opportunity to renovate and reposition the property, this could be a great project for an investor, contractor, or owner looking to build equity and increase future rental income. Bring your ideas and make the most of the potential here.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$209,900
Price per sq ft:
$93
Property Type:
Multi-family
City:
Duluth
Garage Spaces:
0
County:
St. Louis
Year Built:
1891
State:
MN
Property Style:
Triplex
Zip Code:
55805
Subdivision Name:
Duluth Proper 1st Div East 5th
Green Certified:
Pending
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
2,250 ft2
Living Area:
2,250 ft2
Basement Details:
Walkout
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
850 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Lake & Waterfront
Waterfront Present:
N
Waterfront:
Lake View
Lot & Land
Acres:
0.16
Geolocation:
46.7904832346, -92.1028575436
Lot Dimensions:
50 x 100
Zoning:
Residential-Multi-Family
Schools
School District:
709
District Phone:
2183368700
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,100
Annual Fuel Expense:
$2,200
Annual Insurance Expense:
$700
Annual Maintenance Expense:
$500
Annual Trash Expense:
$600
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Broadband, Lawn Care, Snow Removal
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,754
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,754
Income
Annual Gross Income:
$36,600
Rent
Annual Net Income:
$28,200
Units
Total Units:
3
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.